How to Buy Yearn Finance DOT (YFDOT) in Anguilla

A Step-by-Step-Guide on how to buy Yearn Finance DOT (YFDOT) in Anguilla

Step 1 – Signup to Coinmama

You'll first need to buy one of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and getting your Ethereum or Bitcoin.

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Yearn Finance DOT (YFDOT) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you have selected the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate Yearn Finance DOT (YFDOT)

Once your deposit has been verified, you will immediately have access to your funds and you can begin invest and trading. To invest in Yearn Finance DOT (YFDOT) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to locate Yearn Finance DOT (YFDOT), you will need to put the shortname of the coin (YFDOT) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we have marked this also. Click on “YFDOT/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Yearn Finance DOT (YFDOT)
Step 4 – Purchase Yearn Finance DOT (YFDOT)

After you've spotted Yearn Finance DOT (YFDOT), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are going to create our own Limit Order.

The ”Price” field will be filled with the most latest price Yearn Finance DOT (YFDOT) was sold for. You can change this to your desired rate. The ”Amount” field is the quantity of YFDOT you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete amount of YFDOT.

If you're satisfied, click on “Buy YFDOT”. Your order will be filled as soon as a Seller trades their YFDOT for the price you offered.

Step 5 – Withdraw Yearn Finance DOT (YFDOT)

Unless you are regularly trading, best advise is not to keep coins on an Exchange for an extended period of time. To take off your Yearn Finance DOT (YFDOT), hover over the ”Funds” tab and mouse click on “Withdraw”. Yearn Finance DOT (YFDOT) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Yearn Finance DOT (YFDOT) by using the given drop-down box. Enter the volumen of Yearn Finance DOT (YFDOT) you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you're happy, click “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Kudos! You have successfully bought and safed Yearn Finance DOT (YFDOT) in Anguilla.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the Yearn Finance DOT (YFDOT) is safe inside your wallet, you are finished.

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